Streetbeat News

Earnings

CBU

Community Bank System (NYSE:CBU) reported Q2 adjusted earnings of $0.91 per share, beating the analyst consensus estimate of $0.85 by 7.06%. However, the company's quarterly sales of $175.26 million missed the analyst consensus estimate of $180.63 million by 2.97%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:47 am

IMGN

Immunogen reported Q2 earnings per share of $(0.02), beating the analyst consensus estimate of $(0.16) by 87.5%. The company also reported quarterly sales of $83.15 million, surpassing the analyst consensus estimate of $42.84 million by 94.10%. This represents a 487.16% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:31 am

PCRFY

Panasonic Holdings (OTC:PCRFY) reported Q1 earnings of $0.63 per share, beating the analyst consensus estimate of $0.21 by 200%. However, the company's quarterly sales of $14.80 billion missed the analyst consensus estimate of $15.07 billion by 1.82%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:19 am

SJW

SJW Group has reaffirmed its non-linear long-term EPS growth of 5%-7%, anchored off of 2022 EPS of $2.43.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:08 am

CNA

CNA Financial reported Q2 earnings of $1.13 per share, missing the analyst consensus estimate of $1.17 by 3.42%. However, the company's quarterly sales of $3.30 billion beat the estimate of $3.26 billion by 1.35%. Compared to the same period last year, earnings increased by 25.56% and sales increased by 12.92%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:08 am

SJW

SJW Group has reaffirmed its full-year guidance for 2023, with an expected EPS of $2.40-$2.50, in line with the consensus estimate of $2.47.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:08 am

SJW

SJW Group (NYSE:SJW) reported Q2 earnings of $0.58 per share, a 52.63% increase from the same period last year. However, the company's quarterly sales of $156.89 million missed the analyst consensus estimate of $160.28 million by 2.12%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:06 am

AAPL

Apple Inc. is expected to report its fiscal-year third quarter earnings with an average expectation of $1.08 per share on revenue of $74 billion, a decline from the previous year. Analyst Daniel Ives from Wedbush is confident that Apple will meet these expectations due to an uptick in iPhone demand in China and a higher average selling price for the iPhone 14 Pro. Ives also expects Apple's Services business to grow, contributing to the company's overall valuation.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 10:05 am

L

Loews Corporation (NYSE:L) reported Q2 earnings of $1.58 per share, a 116.44% increase from $0.73 per share YoY. The company also reported sales of $3.93 billion, a 16.12% increase from $3.39 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:01 am

AMZN

INTC

PG

TSLA

The S&P 500 and Dow Jones closed higher on Friday, with the S&P adding 1.01% and the Dow climbing 0.66% for the week. The PCE price index rose 0.2% in June, and the Fed raised its benchmark overnight interest rate by 25 basis points. Intel Corporation and The Procter & Gamble Company saw gains after reporting better-than-expected results and strong guidance. The Nasdaq 100 rose 1.85% amid gains in shares of Amazon.com, Inc. and Tesla Inc. The CBOE Volatility Index fell 7.5%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 9:54 am